21 Jan 2014

Landlord tax traps

For all those landlords out there. Prices are on the rise again.  There are two things to watch out for if you use your BTL properties as piggy banks: Remember that if you remortgage your property abovethe value of its original COST, then you will not be able to claim the mortgage interest as an allowable...

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20 Jan 2014

The Limited Liability Partnership rules tighten up

HMRC have undertaken a review of two key aspects of LLPs.  The changes, which are intended to impose additional tax and National Insurance Contribution liabilities on arrangements which they believe are implemented to reduce tax: Remove the presumption of self-employment for some members of limited liability partnerships, and Seek to counter the manipulation of profit...

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